Companies and Other Business Structures in South Africa
Well-structured LML4806 Assignment 1 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... The board of directors of Titans Ltd (“the company”) has determined that the company will acquire up to 5% of the company’s issued shares from its variou...
Companies Act 71 of 2008, section 58 shareholders are entitled to appoint a proxy to
represent them at a shareholders' meeting if they are unable to attend. This right allows a
shareholder to delegate their rights to another person who may attend, speak, and vote on
their behalf.
Section 58(1) of the Companies Act expressly states that a shareholder may appoint
another person as their proxy to participate in, speak, and vote at a shareholders’ meeting.
The proxy does not have to be a shareholder of the company. This means that Busi can
appoint any person she chooses to act on her behalf at the annual general meeting (AGM)
of Strada (Pty) Ltd.
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